I think the answer is y<5/3
a)
his income must be "x" which is the 100%, and we would know that 0.2% of that is 12.37.
b)
his income must be "x" which is the 100%, and we would know that 2% of that is 12.37.
btw he's not making much either way.
Answer:
Now we can calculate the p value with the following probability:
Since the p value is lower than the significance level we have enough evidence to reject the null hypothesis and we can conclude that the true proportion for this case is higher than 0.5
Step-by-step explanation:
Data given and notation
n=75 represent the random sample taken
estimated proportion of interest
is the value that we want to test
represent the significance level
Confidence=95% or 0.95
z would represent the statistic
represent the p value
System of hypothesis
We want to verify if the true proportion is higher than 0.5:
Null hypothesis:
Alternative hypothesis:
The statistic is given by:
(1)
Replacing the info given we got:
Now we can calculate the p value with the following probability:
Since the p value is lower than the significance level we have enough evidence to reject the null hypothesis and we can conclude that the true proportion for this case is higher than 0.5
Given that we Jenny wants to equivalent fraction of 45% then convert into reduced fraction and then convert into decimal equivalent.
She has already shown her work. We just need to find the error if any.
to convert any percent value we just divide that number by 100 because percent itself means divide by 100.
Hence first step 45%=45/100 is correct.
Then she needed to convert into reduced fraction. To do that she divided numerator and denominator both by 5 and got 9/20.
step 2 is also correct.
Now she needs to convert into decimal equivalent so she divided 9 by 20 and got 4.5 while the correct answer should be 0.45
Hence she did error when converting fraction form into decimal form.